During his speech introducing the plan, Pawlenty excoriated President Obama as “a champion practitioner of class warfare.” “I come from a working class background. I didn’t grow up with wealth. But I’ve never resented those who have it,” Pawlenty said. But as a new analysis from Citizens for Tax Justice shows, in addition to being outrageously expensive, Pawlenty’s tax plan is based on the Republican brand of class warfare — giving millionaires huge tax breaks:

– Taxpayers with incomes in excess of $1 million would enjoy an average cut in personal income taxes of $288,822, a 41.4 percent cut.

– Taxpayers with incomes in excess of $10 million would enjoy an average cut in personal income taxes of $2.4 million, a 46.3 percent cut.

– The cost of the personal income tax cuts just for taxpayers with incomes in excess of $1 million would be $141.8 billion.

Pawlenty likes to point to his middle-class background while giving his economic pitch, but his tax plan implies either a huge tax shift, requiring the middle-class to pay for his massive tax cuts for the wealthy, or sky-high deficits in perpetuity. As part of the plan he introduced yesterday, Pawlenty also endorsed a spending cap that would require deeper cuts than the radical House Republican budget, as well as a cockamamie “Google test” that, if taken literally, implies that Pawlenty would be okay with eliminating the Pentagon.

During his speech introducing the plan, Pawlenty excoriated President Obama as “a champion practitioner of class warfare.” “I come from a working class background. I didn’t grow up with wealth. But I’ve never resented those who have it,” Pawlenty said. But as a new analysis from Citizens for Tax Justice shows, in addition to being outrageously expensive, Pawlenty’s tax plan is based on the Republican brand of class warfare — giving millionaires huge tax breaks:

– Taxpayers with incomes in excess of $1 million would enjoy an average cut in personal income taxes of $288,822, a 41.4 percent cut.

– Taxpayers with incomes in excess of $10 million would enjoy an average cut in personal income taxes of $2.4 million, a 46.3 percent cut.

– The cost of the personal income tax cuts just for taxpayers with incomes in excess of $1 million would be $141.8 billion.

Pawlenty likes to point to his middle-class background while giving his economic pitch, but his tax plan implies either a huge tax shift, requiring the middle-class to pay for his massive tax cuts for the wealthy, or sky-high deficits in perpetuity. As part of the plan he introduced yesterday, Pawlenty also endorsed a spending cap that would require deeper cuts than the radical House Republican budget, as well as a cockamamie “Google test” that, if taken literally, implies that Pawlenty would be okay with eliminating the Pentagon.